New purchase : Gladstone Commercial Corporation

Started a new monthly paying position in portfolio with purchase of 25 shares of Gladstone Commercial Corporation (NYSE:GOOD).

Gladstone Commercial Corporation is a real estate investment trust (REIT). The Company is focused on acquiring, owning and managing primarily office and industrial properties. The Company conducts its operations through a subsidiary, Gladstone Commercial Limited Partnership (Operating Partnership). Its real estate portfolio consists of approximately 129 properties totaling 16.2 million square feet of rentable space, located in over 27 states. Its portfolio consists primarily of single-tenant industrial and office real property. The Company's properties are located in various states of the United States, such as Florida, Texas, Pennsylvania, Ohio, Georgia, Utah, North Carolina, Alabama, Michigan and South Carolina. The Company's properties have tenants from various industries, such as telecommunications, diversified/conglomerate services, healthcare, automotive, banking, diversified/conglomerate manufacturing, personal, food and miscellaneous services, and information technology (IT)

Gladstone Commercial Corporation pays dividend monthly and my starting yield of cost is around 7.70% 

New purchase : Flowers Foods Inc.

Added 25 shares of Flowers Foods Inc. (NYSE:FLO). I now hold 46 shares of Flowers Foods Inc. 

Dividend increase #39 of 2022 : Altria Group Inc.

Altria Group, Inc. (NYSE: MO) today announced that our Board of Directors voted to increase our regular quarterly dividend by 4.4% to $0.94 per share versus the previous rate of $0.90 per share. The quarterly dividend is payable on October 11, 2022 to shareholders of record as of September 15, 2022. The ex-dividend date is September 14, 2022.

The new annualized dividend rate is $3.76 per share, representing a dividend yield of 8.2% based on our closing stock price of $45.80 on August 24, 2022.

Today’s dividend increase reflects our intention to return a large amount of cash to shareholders in the form of dividends and is consistent with our long-term objective of a dividend payout ratio target of approximately 80% of our adjusted diluted earnings per share. This increase marks the 57^th dividend increase in the past 53 years. 

 

Orchid Island Capital announces 1:5 reverse stock split

Orchid Island Capital, Inc. (ORC) (the “Company”) (NYSE: ORC) announced today that the Board of Directors of the Company (the “Board”) approved a reverse stock split of the outstanding shares of the Company’s common stock, par value $0.01 per share (the “Common Stock”), at a ratio of one-for-five (the “Reverse Stock Split”).

• One-for-five reverse stock split of the outstanding shares of Common Stock
• August 2022 Monthly Dividend of $0.16 Per Share of Common Stock
• Next Dividend Announcement Expected September 12, 2022

The Reverse Stock Split is scheduled to take effect at approximately 5:00 p.m. Eastern Time on August 30, 2022 (the “Effective Time”). At the Effective Time, every five issued and outstanding shares of Common Stock will be converted into one share of Common Stock, with a proportionate reduction in the Company’s authorized shares of Common Stock and preferred stock. The par value of each share of Common Stock will remain unchanged. The shares are expected to begin trading on a split-adjusted basis at market open on August 31, 2022. Trading in the Common Stock will continue on the NYSE under the symbol “ORC” but the security will be assigned a new CUSIP number. 

 

Dividend increase #38 of 2022 : SFL Corporation

The Board of Directors has declared a quarterly cash dividend of $0.23 per share. The dividend will be paid on or around September 29, to shareholders on record as of September 15, and the ex-dividend date on the New York Stock Exchange will be September 14, 2022.

"The dividend has now been increased for four consecutive quarters, and approximately $2.5 billion has been returned to our shareholders since 2004. We aim to continue investing in new accretive assets and build our charter backlog supporting our long-term dividend distribution capacity."

 

 

Dividend increase #37 of 2022 : Pembina Pipeline

Pembina's Board of Directors previously approved a $0.0075 per common share increase to its monthly common share dividend rate, to $0.2175 per common share per month (representing an increase of 3.6 percent), subject to closing of the joint venture transaction with KKR. The first dividend under which the increase will take effect is expected to be declared in early September 2022, and payable on or about October 14, 2022.

 

Dividend increase #36 of 2022 : Vermillion Energy

Vermilion Energy Inc. ("Vermilion") (TSX: VET) (NYSE: VET) is pleased to announce a 33% increase to our quarterly cash dividend to $0.08 CDN per share, payable on October 17, 2022 to all shareholders of record on September 30, 2022. The ex-dividend date for this payment is September 29, 2022. This dividend is an eligible dividend for the purposes of the Income Tax Act (Canada).  

New purchase : Amgen Inc.

Added 3 shares of Amgen Inc (AMGN) at $249.88 per share. I now hold 6 shares of Amgen Inc.

Summary : Q2 / 2022

During Q2 / 2022 this portfolio collected following dividends

• Apr: 1122.68€   (2021: 491.42€  2020: 404.23€  2019: 830.13€)
• May:  694.35€   (2021: 600.54€  2020: 447.62€  2019: 317.21€) 
• Jun:   514.35€   (2021: 325.88€  2020: 398.54€  2019: 330.58€)

Total of  2331.38€  (2021: 1417.84€  2020: 1244.39€  2019: 1477.92€)

Quarterly target was 1350€ which was clearly passed. April was the first ever over 1k€ dividend achivement.

New Residential investment Corp rebranded as Rithm Capital Corp.

 New Residential Investment Corp. (NYSE: NRZ) (“NRZ” or the “Company”) announced today it has entered into agreements providing for the internalization of the Company’s management function.

In conjunction with the internalization, the Company announced plans to change its name and rebrand as Rithm Capital Corp. (NYSE: RITM) (“Rithm Capital”).

Internalization Agreement

Under the Internalization Agreement, the parties have terminated the Management and Advisory Agreement, dated May 7, 2015 (the “Management Agreement”), effective as of June 17, 2022 (the “Effective Date”). In connection with the termination of the Management Agreement, the Company has agreed to pay FIG LLC (the “Manager”) $400 million, with $200 million paid on the Effective Date, $100 million payable on September 15, 2022 and $100 million payable on December 15, 2022.

As a result of the termination of the Management Agreement, and subject to an agreed upon transition described in more detail below, NRZ has ceased to be externally managed and now operates as an internally managed REIT.

Progress update : July 2022

 

Quote	2019	2020	2021	2022	1y chg	2y chg	3y chg
Telus Corporation	20.93	20.88	32.37	38.11	17.73%	82.51%	82.08%
Canadian Natural_Resources	-	-	5.76	29.41	410.5%
Iron Mountain	32.88	51.42	51.52	59.35	15.19%	15.42%	80.50%
Coca-Cola	18.77	19.27	18.82	22.35	18.75%	15.98%	19.07%
AGNC Investment	12.73	9.66	15.82	24.60	55.49%	154.6%	93.24%
Altria Group	28.67	44.62	49.26	64.57	31.07%	44.71%	125.2%
Trinity Capital	-	-	-	16.99
Algonquin Power_and_Utils	-	-	6.74	24.38	261.7%
W.P. Carey	40.45	44.57	51.21	61.18	19.46%	37.26%	51.24%
Realty Income	7.65	7.76	10.57	12.93	22.32%	66.62%	69.01%
Pembina Pipeline	-	-	6.17	14.32	132.0%
EPR Properties	9.78	-	-	10.13	%
Main Street	15.67	15.46	14.94	18.23	22.02%	17.91%	16.33%
STORE Capital_Corp	-	-	13.95	27.61	97.92%
Vermilion Energy	-	-	-	2.96
Prospect Capital	11.72	11.38	11.20	15.86	41.60%	39.36%	35.32%
Bank_of_Nova_Scotia	17.21	16.56	17.46	30.55	74.97%	84.48%	77.51%
LTC Properties	12.90	12.12	11.99	13.93	16.18%	14.93%	7.984%
Orchid Island	-	-	23.04	18.59	-19.3%
Annaly_Capital_Management	-	-	16.78	63.51	278.4%
Rithm Capital	67.24	12.96	25.64	37.30	45.47%	187.8%	-44.5%
Chimera Investment	43.93	31.38	34.16	48.35	41.53%	54.07%	10.06%
Gladstone Investment_Corp	-	-	-	15.06
Total	354.06	298.06	417.50	670.27	60.54%	124.8%	89.30%

Status update : July 2022

 Dividends received in July

- 38.11 from Telus Corporation
- 29.41 from Canadian Natural_Resources
- 59.35 from Iron Mountain
- 22.35 from Coca-Cola 
- 24.60 from AGNC Investment
- 64.57 from Altria Group
- 16.99 from Trinity Capital
- 24.38 from Algonquin Power_and_Utils
- 61.18 from W.P. Carey
- 12.93 from Realty Income
- 14.32 from Pembina Pipeline
- 10.13 from EPR Properties
- 18.23 from Main Street
- 27.61 from STORE Capital_Corp
- 2.96 from Vermilion Energy
- 15.86 from Prospect Capital
- 30.55 from Bank_of_Nova_Scotia 
- 13.93 from LTC Properties
- 18.59 from Orchid Island
- 63.51 from Annaly_Capital_Management 
- 37.30 from Rithm Capital
- 48.35 from Chimera Investment
- 15.06 from Gladstone Investment_Corp

This makes a total of 670.27 in dividends received from 23 companies. Previous year I received 417.50 in July. This is a 60.54% change in dividends

 

Dividend increase #35 of 2022 : Main Street Capital

Main Street Capital Corporation (NYSE: MAIN) ("Main Street") is pleased to announce that its Board of Directors declared regular monthly cash dividends of $0.22 per share for each of October, November and December 2022.

In addition to the regular monthly dividends for the fourth quarter of 2022, the Board of Directors declared a supplemental cash dividend of $0.10 per share payable in September 2022. This supplemental cash dividend, which will be payable as set forth in the table below, will be paid out of Main Street's undistributed taxable income (taxable income in excess of dividends paid) as of June 30, 2022.